Individual Whole life is a permanent type of life insurance. It describes coverage that is in place for life. Also referred to as individual full life insurance. As long as your premiums are paid, your beneficiary will receive the benefit amount upon your death.
Why consider Long Term Care insurance?
Canadian population is aging. By the year 2036, it’s expected that 25 per cent of the population will be over 65
with almost 1 million Canadians afflicted with dementia. Many Canadians mistakenly believe that full-time care in a long-term care facilitywill be fully paid by government health care programs. However, long-term care is not covered by the public healthcare system.